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SBP launches Islamic financing for farmers

Posted on 19 October 2011

The State Bank of Pakistan (SBP) has announced that it has developed a model Islamic product based on the concept of “Salam” to meet production finance (working capital) needs of the farming community.
In a circular issued on Tuesday, the SBP said the model product, developed in consultation with all stakeholders, would facilitate Islamic banking institutions (IBIs) in improving access to agricultural Islamic financing for the farming community……………………………………….Full Article: Source

 
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